Wayland MA Real Estate Market Report 3-20-2013

Wayland MA Real Estate
Market Report – March 20, 2013
Presented by Marilyn Messenger, CRS
www.MarilynMessenger.com
Marilyn Messenger | 508-596-3501 | www.MarilynMessenger.com

Market Snapshot YTD
Current – of the 47 single-
family homes for sale in
Wayland, 13 already have
an accepted offer and are
being shown for backup.
Expired Listings – the
average time on the market
for listings that did not sell
was 159 days.
Price changes: Price
matters in every market;
the avg. price change in
Wayland was -6.61%.

The number of single-family homes for sale
in Wayland has dropped substantially.
The number of
single-family homes
on the market in
Wayland is approx.
45% less than last
year at this time.
Lower inventory
means less
competition making
this a good time to
list your house.

Months of Supply Impact
The overall supply of
homes currently for
sale in Wayland is
approx. 3.2%.
Supply varies by
price-range. The
supply of homes
listed in the 1M to
1.499,999 range is
approx. 8.5 months.
Buyers still have an
edge in this range.

Current List Prices
 List Prices in Wayland range from $279,900 to
$11,800,000.
 The median list price is $850,000; the average is
$1,319,319.
 The price range with the most homes for sale is $1million
to $1,499,000 – there are 10. Buyers looking in this range
still have some good choices, but the supply is still lower
than last year; don’t wait for the competition.

Closed Sales in February 2013
Buying decisions for
sales that closed in
February were made
during the previous 3
months - snow was
not a factor.
February 2012 was a
leap year – extra day.

Median Sale Price in February

Average Days on Market for homes
sold in February continued to decline
Days on market vary
by price range. The
average for current
listings is 162 days;
ranging from 1 to
613 days.
Note: only 1 home
closed in 2010; DOM
not statistically
significant.

What does this mean to you?
 List Now: low inventory means less competition making
this a good time to go on the market.
 Waiting May Cost You – if you wait you may sell for
more, but you’ll also pay more for your next home.
 Be Prepared – be ready to move. Get your financing in
order so you can buy your next home. Have a backup
plan in case you sell before you find a new home to buy.
 Price It Right – correct pricing is the key to selling in
any market. Even at the peak, houses that were over-
priced did not sell. Consult an expert.

Thank you for viewing my Wayland MA
Real Estate Market Report.
If you are thinking about buying or selling
a home in Wayland or the towns west of
Boston, please call me anytime at
508-596-3501 or visit
www.marilynmessenger.com to search for
homes, sign up for MLS listing updates,
and get information to help you start
planning your move.
Marilyn Messenger
CRS, ABR, GRI, Realtor, Broker
Connect on Google+

Wayland MA Real Estate Market Report 3-20-2013

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Wayland MA Real Estate Market Report 3-20-2013